Rand hits R18 to the dollar

[Grouter]

Wait a minute, how much in Rands is the F1 now @UrBaN963 ? I didn't renew my subscription this year, just watching the YouTube highlights after each race.

 

[Mirai]

Lets say in a years time the Rand strengthened to R10.00 to the $.

Not going to happen.

 

[Rumple4skin]

Not going to happen.

That's why he said hypothetical...

 

[Rumple4skin]

Fantastic news! Where is rvZA now?

No please. This thread has been civilised so far without any attention seeking BS. Let's just let the autistic sleeping dog lie.

 

[Lupus]

No please. This thread has been civilised so far without any attention seeking BS. Let's just let the autistic sleeping dog lie.

Autistic is too nice

 

[Ockie]

And back to R18.18 from R17.99 in a few hours

 

[DStvNothingOn]

I would say It's normal ZAR volatility, however it's still going in the right direction.
Also a lot of people who bet it going the other way probably closing their position, leading to some softness.

And back to R18.18 from R17.99 in a few hours

 

[Lupus]

And back to R18.18 from R17.99 in a few hours

1% increase, when currency is like ours that's a 1% variance

 

[gregmcc]

I can remember when it was R2

I remember when the ZAR was stronger than the USD.

 

[WaxLyrical]

Needs to go to 16 something for there to be any significant signs of positive effects.

 

[DStvNothingOn]

I reckon when the new cabinet is announced it will have more of an effect either up or down.
I think its safe to say at this stage the markets have priced in a positive market friendly cabinet, but need confirmation to push it over the edge

Needs to go to 16 something for there to be any significant signs of positive effects.

 

[Mirai]

That's why he said hypothetical...

I know what hypothetical means. Just adding that there is no way in heck significant improvement for the ZAR will follow.

About 9.50 to the Dollar would be nice to average out 10:1 conversion rate and to factor in credit card currency conversion fees and make it easy to eyeball how much a given items costs in ZAR when buying in USD.

 

[Lupus]

I know what hypothetical means. Just adding that there is no way in heck significant improvement for the ZAR will follow.

About 9.50 to the Dollar would be nice to average out 10:1 conversion rate and to factor in credit card currency conversion fees and make it easy to eyeball how much a given items costs in ZAR when buying in USD.

So does 20 and 15

 

[Mirai]

So does 20 and 15

15 sucks to multiply and obviously R20 is not cool given the euphoria of the DA in the ANC government.

 

[Polymathic]

Close, yeah
View attachment 1728007

God I used to make that less online freelancing back in the day.

 

[Lupus]

15 sucks to multiply and obviously R20 is not cool given the euphoria of the DA in the ANC government.

15 isn't that hard to multiple by

 

[longboy]

I remember when it was R6 to the US Dollar.

I remember when our Pound was worth MORE than the US Dollar.

 

[rph72]

Seems like we will be seeing below R17 soon.

 

[DStvNothingOn]

Rand could break through R15 to US dollar

The biggest driver behind the current rally is an interest rate cutting cycle in the United States, but with confidence on the home front also a factor.

www.moneyweb.co.za